The Business Times, 2 September 2016

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Total Pages: 28
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E GFriday, September 2, 2016
    22 words
  • Article, Illustration
    185 1 Currency volatility gives a big boost to Singapore’s foreign exchange market growth average daily trading volume jumps 35 per cent from three years ago to US$517 billion in April 2016. TOP STORIES 2 Offshore and marine company Ezion enters the oil product tanker business through a joint venture
    185 words
  • 1159 1  -  Concessions broadened so borrowers of loans for homes and investment properties can get refinancing even when TDSR limit is breached By Jamie Lee, Kalpana Rashiwala leejamie@sph.com.sg kalpana@sph.com.sg @JamieLeeBT @KalpanaBT Singapore WITH 5-10 per cent of households here estimated to be highly leveraged,
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  • 612 1  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore INTERNATIONAL Enterprise Singapore, in helping home-grown enterprises to venture overseas, is sharpening its focus more on firms that will create more jobs and add more economic value for Singapore. While the tighter
    PHOTO: LIANHE ZAOBAO  -  612 words
  • 27 1 Thursday Change STI 2,816.47 -4.12 KL COMP 1,670.55 -7.51 NIKKEI 225 16,926.84 +39.44 HANG SENG 23,162.34 +185.46 SHENZHEN B 1,163.11 -0.76 DOW (10.30AM EDT) 18,344.55 -56.33
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  • Page 1 Advertisements

  • TOP STORIES
    • 961 2  -  Republic holds on to 3rd position worldwide after overtaking Tokyo in 2013; trade swells in G-10, Asia units By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore CURRENCY volatility has given a big boost to Singapore’s foreign exchange (FX) market growth. Average
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    • 724 2  -  Chongqing is home to latest Singapore govt-to-govt project; Hangzhou is venue of G-20 meeting SINGAPORE-CHINA TIES By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Chongqing, China PRIME Minister Lee Hsien Loong will be in China for a four-day visit from Friday to Monday, his first trip
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    • 778 2  -  CEO Lim Ming Yan says S$4.9b mixed-use project’s main selling point is prime location in Chaotianmen area By Lee U-Wen @LeeUwenBT Chongqing, China EXACTLY four years after breaking ground, CapitaLand’s massive Raffles City Chongqing project is on track and the first phase
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    • 431 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Chongqing, China LESS than 10 months after its launch, the third bilateral project between Singapore and China has sealed cross-border renminbi financing deals worth more than US$6 billion and counting. These are mainly bond issuances and loans,
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    • 440 4  -  It will provide Trans-cab drivers with training and subsidised smartphones; move comes as LTA is looking at levelling the playing field for taxi operators DIGITAL ECONOMY By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore RIDE-HAILING app Grab is making its first
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    • 465 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore KICKSTARTER, the New York-based platform which popularised crowdfunding, this week officially launched in Singapore and Hong Kong making it easier for entrepreneurs and creators here to start projects from their home cities. In a blog post on
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    • 422 4  -  Stabilisation after 7-month slide result of higher output and slowdown in job losses REGIONAL MANUFACTURING By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CONDITIONS in Singapore’s manufacturing sector in August stayed flat when compared to July, marking the first stabilisation after a
      Source: IHS Markit  -  422 words
    • 484 4  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S official Purchasing Managers’ Index (PMI) jumped unexpectedly in August, led by infrastructure in state-owned companies (SOEs), but analysts say weaknesses remain. The official index, more geared towards large SOEs than the private Caixin PMI
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    • 553 4  -  CorpPass will obviate need for multiple login IDs and relieve employees from having to use their own SingPass IDs for work By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore BUSINESSES in Singapore will soon be able to use a single corporate digital identity
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  • Page 3 Advertisements
    • 220 3 *5Victoria Park Villas The Crown of District 10 iff m. mi vi r. mm mm 'M -rjP> kft l f-f m m a 3 t 'M !U r. v" <*> JPI i iST <*■? *&V. -.•l ov r L s«SE NS\ _I# ir«S»uai rs. A V. id X T'? IS-,
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  • Page 5 Advertisements
    • 184 5 IN EVERY CLASSROOM, ONE STANDS OUT. The spotlight is on you this Teachers’ Day yet to us, you shine every day. On behalf of our parents, colleagues, and the many of us who have entrusted our children in your care, we thank you for just being you. Happy Teachers’ Day.
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  • COMPANIES & MARKETS
    • 743 6  -  It sets up joint venture with Indonesia-based private equity firm Quvat By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OFFSHORE and marine company Ezion Holdings has entered into the oil product tanker business through a joint venture in Indonesia. The Business Times
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    • 741 6  -  HOCK LOCK SIEW BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT AS dual-class share structures appear to be one step closer to reality in Singapore despite all the arguments against such a move one key question is whether it will lead the Singapore
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    • 186 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UOB said on Thursday that its upcoming issue of US$600 million Basel IIIcompliant Tier 2 subordinated notes was about 7.3 times subscribed. The notes, which pay a coupon rate of 2.88 per cent, attracted an order book of
      186 words
    • CORPORATE DIGEST
      • 99 6 JARDINE Matheson Holdings (JMH) will be added to the Straits Times Index (STI), while Sembcorp Marine will be removed, said ftse Russell on Thursday. The changes will be applied after the close of business on September 16 and will be effective on September 19. The next review
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      • 40 6 DBS Group Holdings has appointed veteran banker Shee Tse Koon as group head of strategy and planning. Mr Shee, 46, was most recently CEO of Standard Chartered Bank's Indonesia franchise. He will report to DBS CEO Piyush Gupta.
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      • 64 6 standard Chartered Bank has hired top HSBC banker Paul Skelton as global head of banking. Mr Skelton, a 30-year banking veteran with experience dealing with corporate and institutional clients in Europe, the Middle East and Asia Pacific, was the regional head of commercial banking for HSBC’s Asia-Pacific business.
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      • 130 6 JULIUs Baer has appointed Bhaskar Laxminarayan, a Singaporean, to be its chief investment officer for Asia. Mr Laxminarayan, formerly CIO of Pictet wealth Management, will take on the role from September. Based in Singapore, he will also head the Asia investment management division. The move is an effort
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      • 45 6 CATALIST-LISTEd airport support equipment provider Pteris Global will be delisted with effect from 9am on Sept 7, 2016. This was announced after Sharp Vision Holdings Ltd received a final level of acceptances of about 98.98 per cent for its voluntary unconditional cash offer.
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    • 241 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A PRIVATE equity fund backed by United Overseas Bank (UOB) is investing US$25 million in one of Vietnam’s largest privately owned hydropower companies, Bitexco Power Corp. UOB is investing through its private equity arm UOB Venture
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    • 575 7  -  They want their debt secured, early redemption of some bonds and slight improvement in coupon rates By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AUSGROUP noteholders want their bonds secured and are seeking a “small” early repayment to give their nod to
      575 words
    • 877 7  -  By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore ENERGY startup Evercomm Uni-Tech Singapore came into being from two Nanyang Technological University (NTU) graduates’ passion to contribute to climate change. For 26-year-old Ted Chen and his co-founder 31-year-old Phyo Koko, their interest in energy savings and energy
      PHOTO: AIDAN LOO  -  877 words
    • 171 7  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WASTEWATER treatment firm SIIC Environment said on Thursday that it will buy 60 per cent of Ranhill Water (Hong Kong) for 273.9 million yuan (S$55.8 million) in cash. The target company mainly provides wastewater treatment services
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    • 421 7  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WHILE business sentiments in Singapore have improved, overall optimism for the fourth quarter remains low, said the Singapore Commercial Credit Bureau (SCCB) on Thursday. In its latest quarterly Business Optimism Index (BOI) study, SCCB
      Source: SCCB  -  421 words
    • 411 7 STRAITS TIMES ONLINE REUTERS Singapore THREE firms have formally submitted their expressions of interest to the Singapore telecommunications regulator to participate in an airwaves auction later this year that could usher in a fourth telecom operator in the city-state. Singapore currently has three
      STRAITS TIMES ONLINE; REUTERS  -  411 words
    • Article, Illustration
      63 8 STI Catalist Straits Times Index Sept 1,2016 2,816.47 -4.12 (-0.15%) Current streak 5 days Day high 2,836.23 Day low 2,809.52 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 1,2016 432.23 -3.19 (-0.73%) Current streak 2 days Day high 437.65 Day low
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    • 644 8  -  Besides rate-hike concerns and earnings worries, brokers are unable to say what might be influencing sentiment STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Thursday initially rebounded from three straight days of falls by gaining as much as
      Source: Bloomberg  -  644 words
    • 302 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 unch 247/244 257 209 6.3 6809.1 CapitaCom Trust 156 +1.5 158/155 159 127 5.5 4613.5 CapitaLand 307 unch 310/306 340 267 12.3 2.9 *****.9 CapitaMall Trust 216 unch 217/215 225 185
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    • 34 8 VOLUME APAC Strategic 130,915,000 Noble 87,831,600 HSI*****MBeCW*****9 63,614,900 Singtel 38,687,400 Vallianz 31,968,600 Market volume 1,416,123,000 VALUE Singtel 154,779,647 DBS Grp 52,459,653 Ascendas Reit 36,517,682 UOB 28,502,688 OCBC Bank 27,780,788 Market value 876,331,000
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    • 115 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 286 446 289/286 314/254 286/287 DBXT MSPHILS US$ US210.6 -1.6 266 214.4/210 222.5/158.5 212.9/213.7 16.8 DBXT MSRussia US$ US203 -2 162 204/202 210/129 204/205 IS MS INDIA US$ US736 -14 115 738/732 772/575 735/737
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    • 77 8 Sep 1 VALUE CLOSE BT OB/OS -228.00 +9.00 BT CADI -*****.00 -50.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 677.89 +0.68 FTSE ST Small Cap 377.79 -2.39 FTSE ST All Share 692.36 -0.43 FTSE ST China Top 155.94 +0.23 FTSE ST China 188.13 +0.84 FTSE
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    • 35 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 1,2016 692.36 -0.43 (-0.06%) Current streak 2 days Day high 696.15 Day low 691.42 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index Aug 31,2016 1,685.57 -3.38 (-0.20%) Current streak 1 day Day high 1,695.39 Day low 1,685.57 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 2 1 0 0 6 8 2 Manufacturing 28 32 31 7 9 12 35 41 43 Commerce 13 22 11 2 3 5 15 25 16 Tpt/Stor/Comms 12 13 7
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,563 10 17,573 41,336 2 41,337 Manufacturing 82,440 66,122 148,562 75,159 1,510 76,669 Commerce 117,192 33,605 150,797 70,135 652 70,787 Tpt/Stor/Comms 111,108 730 111,838 227,405 72 227,477 Finance 16,505 400 16,905 123,925 46 123,971 Construction
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    • 75 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 80.5 0.4 *****/***** Lyxor MS India US$ 1617 65.5 3.1 1617/1331 JSH USD 3249 34.1 0.8 3280/2524 DBXT E50 US$ 4512 30.0 0.5 5000/3918 DBXT MSEurope US$ 5438 30.0 0.4 5733/4770 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2
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    • 75 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -607.3 -1.7 *****/***** Hyflux 6% CPS 9595 -157.0 -1.6 *****/9200 SPDR S&P500 US$ ***** -125.6 -0.4 *****/***** DBXT MSKorea US$ 5736 -117.4 -1.5 5878/4629 GLD US$ ***** -98.3 -0.6 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Saizen Reit 6.2
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    • 82 8 VOL CLOSE($) CHANGE APAC Strategic 130,915.0 0.005 +0.001 +25.00 Saizen Reit 16,262.0 0.062 -0.067 -51.94 BlueSkyPower 547.8 0.115 +0.020 +21.05 Miyoshi 1,405.0 0.026 -0.004 -13.33 Southern Pkg 3.8 0.500 -0.060 -10.71 TMC Education 100.0 0.051 -0.009 -15.00 MegaChem 48.0 0.400 +0.025 +6.67 SUTL Enterprise 1,587.7 0.525 +0.035 +7.14
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    • BROKERS’ TAKE
      • 227 8 Katrina Group Buy Target price: S$0.43 Sept 1 close: S$0.325 DBS Group Research, Sept 1 KATRINA’S recent deal to place all nine brands’ food offerings with Foodpanda will help to expand its online business. Currently, the online business operates from three of its own Web portals for Bali Thai, Streats
        227 words
      • 242 8  - PACC Offshore Services Holdings Hold Compiled by Kenneth Lim Target price: S$0.29 Sept 1 close: S$0.30 OCBC Investment Research, Sept 1 ACCORDING to Upstream, PACC Offshore Services Holdings (POSH) is one of three leading the race to supply Brazil’s Petrobras with an accommodation and maintenance unit to run operations in
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    • 9 8 DATA I Sept 2 Singapore Purchasing Managers Index
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    • 427 9 CURRENCIES REUTERS London STERLING jumped one per cent against the dollar and hit a one-month high against the euro on Thursday after data showing the British manufacturing sector staged one of its sharpest rebounds on record in August. The Markit/CIPS Purchasing Managers’ Index
      REUTERS  -  427 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Sep 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 5.028 0.676 5.839 50.409 99.933 0.780 8.450 3.072 1.037 78.784 35.185 1.027 11.038 0.743 23.897 26.064 0.573 0.753 Canada 1.012 5.090
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      • 2 9
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      • Article, Illustration
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      • 155 9 Sep 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0269 1.0278 0.7524 0.7529 Canadian dollar 1.0399 1.0403 0.7621 0.7620 Euro 1.5190 1.5198 1.1130 1.1133 NZ dollar 0.9902 0.9911 0.7255 0.7260 Sterling pound 1.7927 1.7935 1.3135 1.3138
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      • 22 9 Sep 1 S$ Bid Offer 1-month 1.3647 1.3654 2-months 1.3649 1.3653 3-months 1.3651 1.3655 6-months 1.3652 1.3658 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 201 9 Most active Sep 1 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 11.3 2.1 ***** 0.0 0 FTSEChinaA50 ***** MBeCW*****9 12.7 5446 0.0 3 OLS Enterprise W*****5 0.1 unch 5000 1 1 83 6.00 11
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Aug 31 Index Change Change Change Change Change Change World Preliminary 1305.4 -0.2 2.2 -0.4 -0.7 -0.3 3.3 EAFE Preliminary 971.6 0.0 -4.1 -0.3 -5.7 -0.2 -1.8 Europe Preliminary 1393.1 -0.4 -1.4
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      • 396 9 Sep 1 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9830.00 9852.50 9762.50 9762.50 *****5 *****9 Oct16 9845.00 9862.50 9780.00 9770.00 1086 1102 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec16 *****.00 *****.00 *****.00 *****.00 3802 7966 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Sep 1 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.01 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.80 0.60 3 months 0.90 0.70 6 months 1.25 1.05 9 months 1.45 1.25 12
        154 words
      • 67 9 Sep 1 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.25 106.29 106.28 5-Year NX*****X 2.250 01-Jun-21 104.24 104.45 104.25 10-Year NX*****F 2.125 01-Jun-26 103.09 103.45 103.20 15-Year NZ*****F 2.875 01-Sep-30 109.81 109.95 109.85 20-Year NZ*****X 2.250 01-Aug-36 101.76
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    • AGRI METALS ENERGY
      • 250 9 Aug-31 Price Net change change Last Trade Agricultural Aug-31 CBOT Soybeans (US cents/bu) 960.00 -5.50 -0.57% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.47 -0.26 -0.79% 14/09/2016 CBOT Wheat (US cents/bu) 361.00 -2.25 -0.62% 14/09/2016 Aug-31 LIFFE Cocoa (£/tonne) 2359.00 -2.00 -0.08% 15/09/2016 LIFFE Coffee (US$/tonne) 1793.00 13.00 0.73%
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    • 1713 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 139.5 unch 355 141 139.5 0.9 8.1 889 Div 144 101 ARA Asset Mgmt 137 +0.5 624 138
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    • 211 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High Low 45 29.5 t Advancer Global 44cd +1 3211 45 42 17.5 76.2 Sale (’000) High Low C'vr P/E 10.3 8.8 9.9 61
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    • 150 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3211 2355 DBXT China50 US$ US3101 -3 4 3122 3101 8.5 116.2 97.5 DBXT MS SING US$ US113 -3.2 79 113 113 5.7 Day 1357 995 DBXT
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  • Page 6 Advertisements
    • 161 6 The Business Times Showtime Productions present a night of jazz in collaboration with Esplanade Theatres on the Bay Jazzy Business September 30, 2016 Friday, 8pm Esplanade Concert Hall Celebrates BT’s 40th birthday and Cultural Medallion recipient Jeremy Monteiro’s 40th year in showbiz with a programme that includes Grammy-winning jazz guitarist
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  • Page 7 Advertisements
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    • 118 7 STAND OUT IN YOUR FIELD This company is one of the 16 finalists of the Emerging Enterprise Award 2016. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2016 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover
      118 words
    • 31 7 Sp 1 Print Centre n r~ INDUSTRIAL/WAREHOUSE SPACE FOR RENT 2 Jurong Port Road, SPH Print Centre Area from 2325 1 1,775 sq ft Interested, please call Shawn at 9694 5349
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  • Page 10 Advertisements
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  • BANKING & FINANCE
    • 860 12 The caps primarily serve to fend off potential shareholder lawsuits rather than control the pace of pay increases REUTERS New York OVER the past two years, a growing number of US banks have capped their directors’ earnings, but the ceilings are so
      REUTERS; PHOTO: REUTERS  -  860 words
    • 751 12 REUTERS Frankfurt TOP executives of Deutsche Bank and Commerzbank held talks on a potential combination of Germany’s two biggest banks last month, a source familiar with the matter said on Wednesday. However, the two lenders have shelved the project as
      REUTERS  -  751 words
    • 380 12 BLOOMBERG Shanghai CHINESE households, companies and banks held a record 26.3 trillion yuan (S$ 5.4 trillion) of wealth management products (WMPs) as at June 30, underscoring risks to an increasingly leveraged financial system from an explosion in shadow banking. The
      BLOOMBERG  -  380 words
    • 286 12 REUTERS Sydney AUSTRALIA announced a limited inquiry into bank misconduct on Wednesday although a motion for a more sweeping investigation into the scan-dal-ridden financial system was narrowly defeated by the government in parliament. The latest inquiry targeting mistreatment of small business customers is
      REUTERS  -  286 words
  • Page 12 Advertisements
    • 192 12 This book guides us through the REITs investments in a step-by-step and comprehensive manner Coupled with actual case studies of REITs in Singapore, you will learn the methods to grow your wealth with the higher dividend/investment returns from REITs. Investing in REITs is equivalent to investing in properties, but with
      192 words
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  • ENERGY & COMMODITIES
    • 630 13 Oil minister says Saudis aren’t concerned about global demand in spite of drop in prices and slower economy BLOOMBERG Kuwait SAUDI Arabia, the world’s biggest oil exporter, won’t boost output to capacity and flood the market, the kingdom’s energy
      BLOOMBERG; PHOTO: REUTERS  -  630 words
    • 405 13 BLOOMBERG Bangkok ENERGY Absolute Pcl, Thailand’s biggest renewable energy company by market value, is seeking about 15 billion baht (S$590 million) of loans from domestic lenders to finance the construction of a new wind-power project. The Bangkok-based company has
      BLOOMBERG  -  405 words
    • 517 13 BLOOMBERG Singapore IRON ore faces renewed pressure and prices may sink back below US$50 a tonne before year-end as rising supply offsets an improvement in Chinese demand, according to Clarksons Platou Securities Inc, which dubbed the raw material its least favourite commodity. There
      BLOOMBERG  -  517 words
  • Page 13 Advertisements
    • 67 13 INSPIRELEADSERVEDARE HERO NOMINATE YOURLOCAL Do you know someone or a group whose inspiring or extraordinary acts have made the local community a better place? The Straits Times Singaporean Of The Year Award seeks to honour the positive impact made by this person or group and celebrate the triumph of the
      67 words

  • TECHNOLOGY
    • 1013 14 WrkRiot begins unravelling in highly public fashion with former head of marketing exposing chaos at startup NYT San Francisco LIKE so many bright, young entrepreneurs these days, Isaac Choi arrived here last year, set up shop and promised employees that he would lead
      NYT  -  1,013 words
    • 394 14 With up to four days of battery life, the Gear S3 Frontier and Classic are due to go on sale by year-end REUTERS Berlin SAMSUNG Electronics unveiled two new smartwatches on Wednesday which boast a range of digital features while also
      REUTERS; PHOTO: BLOOMBERG  -  394 words
    • 340 14 BLOOMBERG Milan CK Hutchison Holdings Ltd and VimpelCom Ltd have won European Union approval for a merger creating Italy’s largest wireless provider after they agreed to help a smaller rival, Iliad SA, become the country’s fourth mobile carrier. EU Competition Commissioner Margrethe
      BLOOMBERG  -  340 words
    • 256 14 BLOOMBERG Washington DROPBOX Inc confirmed on Wednesday that a data breach discovered and disclosed in 2012 was bigger than previously known and according to one report could involve almost 69 million accounts. The cloud-storage company said that it reset the
      BLOOMBERG  -  256 words
  • Page 14 Advertisements
    • 32 14 Singapore?^ INTERNATIONAL INDIAN EXP***** {Jj/ndia cmteh fa mu SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEPTEMBER 2016,10AM TO 10PM EXHIBITION HIGHLIGHTS FOR ENQUIRIES CONTACT *****112 *****219 visit: www.siiexpo.com I www.facebook.com/SIIExpo/
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  • REAL ESTATE
    • 875 15  -  Project could have gone for a million dollars more each in better market conditions, says CapitaLand S’pore CEO By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT IN what is the only prime landed site to be awarded by the government since 1996, CapitaLand is
      875 words
    • 600 15 REUTERS London PROPERTY investors are buying into student flats, health centres and care homes, favouring their long leases and steady tenants over retail and offices which have been hit by Britain’s vote to quit the European Union. Buying of so-called alternative or specialist property has
      REUTERS  -  600 words
    • 1244 16 They are altering sales plans and making behind-the-scenes deals in an attempt to create momentum at their projects before an onslaught of even more competition BLOOMBERG New York PROSPECTIVE buyers at one Upper East Side condo project are quietly being offered a 5 per cent
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,244 words
  • Page 15 Advertisements
    • 282 15 JAPAN PROPERTY FOR SALE KYOTO KIYOMIZU FREEHOLDFrom 4.2% per annum guaranteed returns Central location in KYOTO Bulk Sales for higher guaranteed returns From 4.2% per annum guaranteed for 4 years All units have rented out already! From S$1.14M (S$1=80JPY) Contact Bulk Sales higher returns (26.91m2 –30.96m2 including balcony) Extra reinforce
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    • 430 15 I inuESTmenT opportuiiity TOKYO Shinjuku Laurel Court Shinjuku Natsumezaka S' FREEHOLD P-" i| i 'I Price Starting from KT. JPY39,900,000Waseda Univ Shinjuku Otemachi 0 Yamandte Line 11 Jr i Building permit number: BCJ1 5f (2016 4th April, Japan) O Property Summary Completion scheduled in December, 2016! Laurel Court Shinjuku Natsumezaka
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    • 532 16 D10 HOUSE FOR SALE GARLICK VICINITY Good Class Bungalow. Freehold Land ***** sq.ft. flat, road level. Building: Main annexe approx 15,000 sqft. Garage, pool landscaped garden. Quiet private. TKE 6251 7387. D15 HOUSE FOR SALE BROADRICK ROAD Bungalow. Freehold Land 11,470sf. Functional Squarish layout. Wide frontage.Ample parking. Djoni 8198 9989
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  • Page 17 Advertisements
    • 1813 17 LONGGHEER (Company Registration No. *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of Longcheer Holdings Limited (“Company”) will be held at Courtyard 03, Oasia Hotel, 8 Sinaran Drive, Singapore *****0 on 26 September 2016 at 10:30 a.m. for the
      1,813 words
    • 326 17 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 588 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1. SILICON POWER COMPUTER COMMUNICATIONS (SINGAPORE) PTE. LTD. (Registration No. *****5946D) (In Creditors’ Voluntary Liquidation) 2. ABISTE SINGAPORE PTE. LTD. (Registration No. *****5949D) 3. PLATINUM SANDS HOLDINGS PTE. LTD. (Registration No. *****2609Z) (In Members’ Voluntary Liquidation)
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    • 1370 17 ROWSLEY LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****8381D) NOTICE OF EXPIRY OF WARRANTS TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF ROWSLEY LTD. (THE “COMPANY”) THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in doubt
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  • CONSUMER
    • 889 18 Firm urges FDA to approve Teva’s generic devices only if they were truly equivalent and wouldn’t confuse patients BLOOMBERG Washington THE lack of a cheaper version of Mylan NV’s EpiPen shot may come down to a dispute between drugmakers over a
      BLOOMBERG  -  889 words
    • 307 18 NYT Washington THE Food and Drug Administration announced on Wednesday that it would require its toughest warning labels to caution patients against taking opioid painkillers together with benzodiazepines, such as Xanax and Valium. The combination makes an overdose more likely and the warning
      NYT  -  307 words
    • 336 18 REUTERS Chicago FOR the second year in a row, Wal-Mart Stores Inc will begin its holiday layaway programme two weeks early, hoping for a head start to the year-end shopping season and a repeat of last year’s strong toy sales
      REUTERS  -  336 words
    • 420 18 Clothing chain is opening its largest store in region in Singapore amid flagging profits at its parent BLOOMBERG Singapore CASUAL clothing chain Uniqlo is taking its biggest chance in South-east Asia. The unit of Fast Retailing Co is opening a
      BLOOMBERG; THE BUSINESS TIMES FILE PHOTO  -  420 words
  • Page 18 Advertisements
    • 745 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BLACK CAMELIA PRIVATE LIMITED (Registration No. *****9418M) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of the
      745 words
    • 42 18 SEE THE WORLD THROUGH THEIR BLOGS Chinese Language Content HSviS 0 SCAN&READ 7 > s mi=]iz xi Mm Kick-start your investment strategy with tips from $how Me The Money $how Me The Money Book 4 is now available at leading bookstores and www.stpressbooks.com.sg
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    • 34 18 NEW INDIANS, OLD INDIANS HuM Theatre launches sequel to We Are Like This Only Accidental marathoner is India’s best at Rio Olympics GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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    • 28 18 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • GOVERNMENT & ECONOMY

  • TRANSPORT
    • 904 20 The incident raises questions about the inherent instability of ammonium nitrate BLOOMBERG Washington CRITICS of the embattled airbag manufacturer Takata Corp said that last week’s deadly explosion of a truck carrying parts to its Mexican factory underscores questions about the safety of
      BLOOMBERG; PHOTO: REUTERS  -  904 words
    • 1036 20 Scheduled passenger flights to Cuba resume now with jets NYT Fort Lauderdale, Florida AMID live Cuban music, fresh guava pastries and a water cannon salute, the first scheduled passenger jet service in history between Cuba and the United States kicked off on Wednesday with a 9.45am flight from here to
      NYT; PHOTOS: REUTERS, AFP  -  1,036 words
    • 349 20 REUTERS London THE British government should take a tougher stance against Volkswagen (VW) after its emissions fraud, as well as increase the use of electric cars and reduce air pollution from transport, a parliamentary environment committee said on Thursday. Almost a
      REUTERS  -  349 words
    • 306 20 BLOOMBERG Hong Kong BEIJING residents may soon be able to rent Audi cars by the hour with the tap of a smartphone, as the German luxury carmaker has rolled out the service in Hong Kong and considers introducing the service to cities
      BLOOMBERG  -  306 words

  • Page 21 Advertisements
    • 1882 21 S-*- THE BUSINESS TIMES SHIPPING TIMES C a i l a n ~E n n o B r i s b a n e r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o
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    • 244 21 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 296 PRW016 03/09/2016 04/09/2016 Perawang/Perawang DAILY Marco Polo 888 BST264 03/09/2016 04/09/2016 Buatan/Buatan DAILY Marco Polo
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  • OPINION
    • 556 22 EDITORIAL THE recent move by Malaysian telco Axiata Group to appoint a German national to head its homegrown unit Celcom has predictably reignited a debate that every now and then tends to stunt Malaysia Inc’s progress. Why wasn’t a
      556 words
    • 731 22  -  THE BOTTOM LINE By Marsha Vande Berg T The writer is a distinguished career fellow at Stanford University and a member of the Official Monetary and Financial Institutions Forum Advisory Board OMFIF PAUL Romer, a respected economics professor known for his unorthodox
      OMFIF  -  731 words
    • 1755 22  -  The upcoming debates between Hillary Clinton and Donald Trump would be yuge television hits, but very few people are willing to bet on a winner in these media spectacles By Leon Hadar LET’S call them the Every-one-Knew (EK) who-was-go-ing-to-win US presidential elections when
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    • 835 23  -  COMMENTARY By Eugene Chng T The writer is director of regional sales, APAC at Hyland ASIA’S insurance industry has grown in recent years as consumers become increasingly risk averse. But the insurance industry has always suffered some image problems, being perceived in a
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    • 772 23  -  By Anthony Rowley FOREIGN businessmen intending to set up shop in Japan can be sure of a formal welcome from Prime Minister Shinzo Abe, who is eager to attract more foreign investment to the country. A welcome mat will also be laid
      PHOTO: REUTERS  -  772 words
    • 1079 23  -  With China now its chair, the organisation’s international prominence is only likely to grow after the Sept 4-5 summit. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at LSE Ideas (the Centre for international Affairs, Diplomacy and
      PHOTO: XINHUA  -  1,079 words


  • CITY LIFE
    • 922 24  -  We The People is one of the first stores in Asia and the first in Singapore to exclusively sell products funded with Kickstarter. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg HOW many times have you sighed at the quality of your online order and
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    • CITY BUZZ BT writers' picks of what to see, do or talk about
      • 224 24  -  By Tay Suan Chiang T A Design Film Festival 2016 takes place on Sept 3 and 4 at Capitol Theatre and from Sept 9-11 at Shaw Theatres LIDO. Tickets are available online at www.designfilmfestival.com at S$15 each FILM A Design Film Festival 2016 A Design Film Festival
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      • 198 24  -  FILM By Dylan Tan CULT Australian singer-songwriter Nick Cave launches his new album Skeleton Tree next week with a one-off screening of the documentary One More Time With Feeling (below). Directed by Andrew Dominik (The Assassination of Jesse James by the Coward Robert Ford, 2007),
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      • 270 24  -  THEATRE By Helmi Yusof FROM Sept 7, Oliver Chong will inhabit a small wooden house on Marina Bay Sands event plaza (right) for five days. He will play a man who is “taking a vacation from himself”, as the actor put
        PHOTO: MARINO BALBUENA  -  270 words
      • 147 24  -  DINING By 13% Rachel Loi FANS of the wine-pairing bar 13% Gastro Wine at Aliwal Street now have another watering hole to check out the newly-opened 13% Gastro Wine Killiney. 13% Gastro Wine Killiney will have a vertical garden outdoor area, and like its original outlet,
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      • 217 24  -  EXHIBITION By Cheah Ui-Hoon POP in for 30 minutes and feel the works of Singaporean artist Chng Seok Tin (right) in the dark using all your senses except for sight. You will be guided by professionally trained visually impaired facilitators, as you touch, hear, smell and taste
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  • WINE/ARTS
    • 274 25  -  By Avanti Nim avantin@sph.com.sg LUXURY watches and fine wines paired with a sumptuous meal sound like the perfect formula for a night of opulence. And that’s exactly what guests at the recent BT Luxe wine dinner held at ION Art were treated to. The four-course
      274 words
    • 1478 25  -  Two major shows one at NGS and the other at NIE offer a comprehensive survey of master potter Iskandar Jalil’s work in the last five decades; but for all the accolades heaped on him, the Cultural Medallion recipient sees himself as primarily
      PHOTO: CHEAH UI-HOON  -  1,478 words
    • 999 25  -  Reading taps the knowledge and wisdom of experienced and reliable palates. BY NK YONG WHEN exploring w i n e oft-quoted “Curit h e oft-quoted “Curiosity kills the cat” should be ignored. Rather, I go by the dictum “Taste every wine you do not
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  • ARTS
    • 873 26  -  SIFA festival director Ong Keng Sen returns to familiar ground with his iconoclastic take on the Bard’s Richard III. SINGAPORE INTERNATIONAL FESTIVAL OF ARTS BY HELMI YUSOF helmi@sph.com.sg @HelmiBT IN the world of Shakespearean characters, few are as reviled as Richard III. “The Crookback King”, as
      FILE PHOTO; PHOTO: JUN ISHIKAWA  -  873 words
    • A feast for the mind and senses
      • 342 26  -  Now in its fourth week, SIFA continues to push boundaries with its provocative, genre-crossing shows By Helmi Yusof composed and conducted by Huang Ruo. Directed and designed by Jennifer wen Ma. Featuring singer Qian Yi and T'ang Quartet PARADISE Interrupted, now playing at Drama Centre Theatre, takes its
        PHOTO: JULIE LYNN PHOTOGRAPHY  -  342 words
      • Article, Illustration
        345 26  -  By Helmi Yusof By Checkpoint Theatre, Huzir Sulaiman, Claire Wong and Antonio Vargas FEW Singapore productions this year have been as satisfying as The Last Bull: A Life In Flamenco. When the play ended, several audience members rose to their feet and roared out their appreciation. Blending
        PHOTO: KEVIN LEE  -  345 words
      • Article, Illustration
        310 26  -  By Cheah Ui-Hoon The Sardono Retrospective THE dancers crawl into the arena-like performance space like little tortoises bodies covered with a round metal bowl, like a giant wok. After some timid moves where they traverse the floor and bob up and down like armoured bugs, there is one
        PHOTO: KEVIN LEE  -  310 words
      • Article, Illustration
        343 26  -  By Helmi Yusof Dimitris Papaioannou CREATED by famous Greek choreographer Dimitris Papaioannou, Still Life draws inspiration from the myth of Sisyphus to comment on the current Greek crisis and its impact on the working class. Set under a huge transparent canopy of billowing smoke, the dance involves seven
        PHOTO: MARIA PETINARAK  -  343 words

  • TV/CINEMA
    • 648 27  - Taking on Hokkien TV drama Eat Already Filmmaker Royston Tan had to overcome various challenges but rediscovers the dialect while working on his latest project. BY DYLAN TAN BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT Homegrown director Royston Tan has new-found respect for his peers in television after working on his first
      FILE PHOTO  -  648 words
    • 518 27  - Plenty of magic and life lessons in these woods By Geoffrey Eu PETE’S Dragon is the family-friendly tale of a little boy and his fire-breathing pet: a winged, furry green creature with the demeanour of a devoted puppy dog, an admirable intellect but only so-so flying ability. The film, a
      518 words
    • 492 27  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT DESPITE being based on a true story, it’s tempting to take War Dogs with a pinch of salt as the biopic mixes social-political commentary with stoner comedy. Adapted from a Rolling Stone magazine article about two young hustlers
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  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • 317 27 CRYPTIC CROSSWORD Across 1 Food! Change course, grabbing food, for example on the way back (10) 6 Language from jumper getting undressed (4) 10 Bound to miss the end of autumn shoot (5) 11 Uncontrollable urge isn’t a mark of identification (9) 12 High spirits of auntie, perhaps going topless
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  • BT Lifestyle
    • 362 28  -  A smorgasbord of local singer-songwriters, old and new, awaits Mosaic Music Weekend festival-goers By Dylan Tan NO other music festival in Singapore can claim to be as adventurous as Esplanade’s Mosaic. One of Singapore’s oldest and most-loved multi-genre fest, it is known for its
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    • 639 28  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT LIKE Leslie Low, you never know where Cherie Ko will pop up next. In addition to playing lead guitar for retro-pop group Obedient Wives Club, she has dabbled in numerous side-projects over the years, including minimalist-rock trio Bored
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    • 531 28  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT LESLIE Low is no stranger to fans of local indie music, having performed in various bands since the early 90s. From folk rockers Humpback Oak to the electro-pop duo Twang Bar Kings which reunited for a one-off
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    • 623 28  -  By Avanti Nim avantin@sph.com.sg LIKE the rest of us, singer-songwriter Suhui Hee frequently gets bogged down by the doldrums. But what sets her apart is that she channels that rage and frustration into her music. The 25-year-old says: “When I write my songs, it’s a way
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